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Dec 26, 2013
12/13
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what does 2014 have in store, especially in this rising rate environme environment? we'll make some predictions coming up. >>> the top of my wish list for 2014 is we have no more federal shutdowns because i think it really cause as significant problem with consumer confidence. secondly, i'd obviously like to see the unemployment be below 7%, possibly down to 6.5% because i think that's a good goal for next year. and of kously i'd like to see a very peaceful world because we live in a world where world trade is important and the more disruptions that exist around the world, the more difficult it is do business. so there are my big three wishes for next year. ♪ i want to spread a little love this year ♪ [ male announcer ] this december, experience the gift of unsurpassed craftsmanship and some of the best offers of the year at the lexus december to remember sales event. this is the pursuit of perfection. tdd#: 1-800-345-2550r life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550
what does 2014 have in store, especially in this rising rate environme environment? we'll make some predictions coming up. >>> the top of my wish list for 2014 is we have no more federal shutdowns because i think it really cause as significant problem with consumer confidence. secondly, i'd obviously like to see the unemployment be below 7%, possibly down to 6.5% because i think that's a good goal for next year. and of kously i'd like to see a very peaceful world because we live in a...
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Apr 30, 2013
04/13
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we continue to be in this oxygen-rich environment of monetary accommodation, and likely according to steve's survey and we will probably agree we'll see that well into 2014. so it is somewhat of an artificial environment, but at some point the economy will be self-sustaining and we have not seen that yet. although the fed has been successful in raising prices. we have not been able to get a sustained, economic growth we've probably seen that downshifted here in the second quarter. we would stay away from fixed income at this point. >> jim, the fed has been clearly very good at raising asset prices and that's why we're near record highs on the s&p. they have not been able to prevent inflation because the fed's preferred inflation measure, core pci is now 1.1% and that is way below the target 2% again. four years into the battle to prevent deflation. >> hopefully we're starting to see that in the increasing housing prices and i don't think the threat of deflation is off the radar screen and it's still something that we should consider. in look at monetary accommodation is more afraid o
we continue to be in this oxygen-rich environment of monetary accommodation, and likely according to steve's survey and we will probably agree we'll see that well into 2014. so it is somewhat of an artificial environment, but at some point the economy will be self-sustaining and we have not seen that yet. although the fed has been successful in raising prices. we have not been able to get a sustained, economic growth we've probably seen that downshifted here in the second quarter. we would stay...
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Jun 20, 2013
06/13
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that should work in an environment where rates back up. >> okay. let me ask you both then the next question, which is at what point do people that are close to retirement who have been chasing yield in the equity market say, whoop, time it get back into bonds because the yields have risen? michael, let me start with you first of all, and if i may nail you down to where yields are going to go. socgen says if it weren't for qe, we'd be 3%, 3.5% on the ten-year. as we recover next year, the natural rate, the true rate, the fair value rate of that would be higher. at what point do we get to, say, 4%, michael, on the ten-year? >> great question. we don't have a target forecast for where the ten-year is, but in a recent paper that we just published "the danger of duration," we've essentially shown the progression of where the yield curve is likely going to rise over the next 12 to 18 months, and if you use the quote, unquote, golden rule, the ten-year should be trading close to 4%. are we going to get there immediately? no. but i could certainly see over
that should work in an environment where rates back up. >> okay. let me ask you both then the next question, which is at what point do people that are close to retirement who have been chasing yield in the equity market say, whoop, time it get back into bonds because the yields have risen? michael, let me start with you first of all, and if i may nail you down to where yields are going to go. socgen says if it weren't for qe, we'd be 3%, 3.5% on the ten-year. as we recover next year, the...
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Feb 21, 2013
02/13
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for the environment, it's much better. electric vehicle compared to your typical gas vehicle produces about 70% less greenhouse gas emissions. for the environment, why don't they just make, the man who suggested all new taxicabs in new york, electric, because people don't really care, as was pointed out by the daily news you don't care how they travel across the middle of the night through new york. so you're pushing an open door there, respect you? >> there's no one-size-fits-a - approach, part of our goal is to have a third of the taxi fleet become electric, if you did that by the way, would you be taking out 125,000 metric tons and greenhouse gases a year, if you went and did the entire taxi fleet, 14,000 cars that would be 400,000 tops, equivalent to give you an idea of taking 25% of all of boston's cars off the road. so there is a huge air quality benefit but i also think it's important to note, if you look at gas prices the course of the last few years, they have gone up three teens a percentage basis compared to the
for the environment, it's much better. electric vehicle compared to your typical gas vehicle produces about 70% less greenhouse gas emissions. for the environment, why don't they just make, the man who suggested all new taxicabs in new york, electric, because people don't really care, as was pointed out by the daily news you don't care how they travel across the middle of the night through new york. so you're pushing an open door there, respect you? >> there's no one-size-fits-a -...
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Jun 25, 2013
06/13
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the release seems to indicate that in that environment people will shift to a.r.m.s and not necessarily a bad thing and is that true? >> well, i don't know about. a r.m a. --arms, but they are still low, and people are juiced by the interest rates, because they believe they may go higher, but they want to buy because of the mortgage rates. if you were ben bernanke, you say, wow, it is out of control and i have to raise the fed's fund rate. >> well, he has to before too long. ben is probably congratulating himself that qe3 has worked. >> well, i mean, literally, i mean, there are just not enough homes, right? you can't get the increase with the supply and the demand, and either too many homes off on the sidelines owned by the investors or the home builders can't put them up fast enough? >> that is the true, and always been true, and that is what made the boom happen. in the boom, home builders were going as fast as they could and a couple of years for the supply to come online. >> but where are we on the affordability given this rise of rates particularly over the last month or so, and t
the release seems to indicate that in that environment people will shift to a.r.m.s and not necessarily a bad thing and is that true? >> well, i don't know about. a r.m a. --arms, but they are still low, and people are juiced by the interest rates, because they believe they may go higher, but they want to buy because of the mortgage rates. if you were ben bernanke, you say, wow, it is out of control and i have to raise the fed's fund rate. >> well, he has to before too long. ben is...
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Aug 8, 2013
08/13
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i don't think it's a great environment. i think we're kind of in a slow growth mode for consumers. >> ethan, where do we go from here? have people not been taking into account enough the pressure that especially the lower and middle income portion of the u.s. consumer is under? and if so, what does that mean for the next 6 to 12 months? equities -- maybe taking the 40-point sell-off, putting that aside, the stock market is pointing to things looking up. >> yeah, and i think you have to look at two difference roles here. joe six-pack is not doing that great. you know, wage growth is very weak. we've had a subpar jobs recovery, and, you know, it's just a tough environment for joe six-pack. on the other hand, we've had a big stock market rally, housing market is improving. so for people who have wealth, upper income and upper middle income families, things are looking pretty good. so it really depends on which customer you're looking at. some of them are doing great and some not so great. >> steven, we had a big discussion thi
i don't think it's a great environment. i think we're kind of in a slow growth mode for consumers. >> ethan, where do we go from here? have people not been taking into account enough the pressure that especially the lower and middle income portion of the u.s. consumer is under? and if so, what does that mean for the next 6 to 12 months? equities -- maybe taking the 40-point sell-off, putting that aside, the stock market is pointing to things looking up. >> yeah, and i think you have...
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Aug 15, 2013
08/13
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this is a good place to be even in a cautious environment. i think our estimate for the full year going into the report was 5.25 which is still within their guidance. i realize consensus was a bit higher than that. but we actually found some things to be positive about in the quarter. we like the fact that looked like traffic and comps in the u.s. were improving during the quarter. even though the international operations still have a lot of work to do. other they're focused on that. >> bud, we are talking about a company that cut its sales forecast though in half, a big cut. >> cut it short by about $14 billion. about a third of that is -- a third of that is currency related. but you're right. sales forecast. >> i understand. >> right. >> you sound quite dismissive of sort of any sense of bad news here. you upgraded the stock a month ago. surely you had to be surprised by these results. >> we were not -- we were obviously surprised a bit by the cut in guide again. but remember, what the company said on their call is they're really forecastin
this is a good place to be even in a cautious environment. i think our estimate for the full year going into the report was 5.25 which is still within their guidance. i realize consensus was a bit higher than that. but we actually found some things to be positive about in the quarter. we like the fact that looked like traffic and comps in the u.s. were improving during the quarter. even though the international operations still have a lot of work to do. other they're focused on that. >>...
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Feb 15, 2013
02/13
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now, we've talked a lot about the low rate environment. saying we've got $11.4 billion sitting there, not earning much. let's put it to work. let's buy the rest of nbcu. heinz able to borrow at low levels and pay a nice 9% to warren buffett. you've got a willingness on the part of the brazilians to put 4.4 billion into buying heinz at 4.4 times eeb ta and they feel comfortable with a long-term cash flow characteristics of that business in terms of offering memo returns. >> we just finished the year with the biggest corporate issuance on record. what's it going to take to say we're back? >> the bar is high for him. >> nobody can promote like jimmy, but what i want to see is the following on deals. they may be a sign thing rs going too far. i want to see the, another deal in that space because i feel like my competitors are getting ahead of me and strategically, i need to do that. perhaps in the same set. one deal forcing another. we saw the dell lbo, but in a way, it's a one off. they're only using a bill sor so dollars in private equity mo
now, we've talked a lot about the low rate environment. saying we've got $11.4 billion sitting there, not earning much. let's put it to work. let's buy the rest of nbcu. heinz able to borrow at low levels and pay a nice 9% to warren buffett. you've got a willingness on the part of the brazilians to put 4.4 billion into buying heinz at 4.4 times eeb ta and they feel comfortable with a long-term cash flow characteristics of that business in terms of offering memo returns. >> we just...
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Aug 29, 2013
08/13
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that's the environment i come to work with, with rates going higher meaning we're going to be worried about housing. it's a shunken universe of what i can buy. >> you keep talking about the idea of this list of goodwiners is getting -- the island is getting smaller. >> i look back and try to circle back to all the big winners and who i feel comfortable. tjx, why? apparel. everybody else is bad so they dump the apparel on them. we're not seeing a huge group of stocks that make you want to buy them with gasoline going toward four, with the psyche getting a little bit worse. but that said, there is a bit underneath here. yesterday's action was not -- was a little constructive. when i go to the chart and i find sometimes, i don't mind saying it, i go to chartus. kind of negative because we break some of these averages, we the way, there is mark-up. end of the month mark-up that still exists. >> before we do retail, what is this idea of month-end selling here because august has been so over sold, is that why we're hearing about that? >> people want to go in and i keep coming back to your d
that's the environment i come to work with, with rates going higher meaning we're going to be worried about housing. it's a shunken universe of what i can buy. >> you keep talking about the idea of this list of goodwiners is getting -- the island is getting smaller. >> i look back and try to circle back to all the big winners and who i feel comfortable. tjx, why? apparel. everybody else is bad so they dump the apparel on them. we're not seeing a huge group of stocks that make you...
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Jun 14, 2013
06/13
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if you think that the rates have backed up and should stem reactivity, but the home purchase environment has been quite strong. >> and doesn't it come back to the point which is to say that mortgages while they are still there are not as strong as they were, and the rates while going up a little bit are not going up enough to help some of the banks, so ta ha a bank like wells is kind of caught here in the middle? >> well, could mortgage re- refinance revenues decline, yes, and we look at the home purchase side, and looking aing a at the and hamp interest rates despite they have backed up as the home prices are rising which you have seen, it is showing the amount of people who can refinance and the people locked out of the market, and so could the revenues decline? it could with wells fargo in particular, it is not the first rodeo, and they have been in business a long time and managed the revenue side and the expense side handily. >> that is good way to put it the length is a long. and i have seen that half of the mortgages out there have a rate that is 5% or higher. so at what level on
if you think that the rates have backed up and should stem reactivity, but the home purchase environment has been quite strong. >> and doesn't it come back to the point which is to say that mortgages while they are still there are not as strong as they were, and the rates while going up a little bit are not going up enough to help some of the banks, so ta ha a bank like wells is kind of caught here in the middle? >> well, could mortgage re- refinance revenues decline, yes, and we...
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Jun 26, 2013
06/13
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finish the point. >> i said nobody is against the environment. we're all for the environment. it's just a question of having some balance in the program, and we're going to need more pipeline in this country one way or another just to fuel the natural gas plants that are going up and the increased usage for natural gas as a heating fuel. >> let me ask because it's an extremely important point and one i can't understand. why is the price of oil still at $97 a barrel when other inflation proxies, if you look at silver, which is also an industrial metal, have collapsed when frankly we're talking about concerns about china and when there's never been so much supply purportedly when it comes to oil here in this country. why are we still at $98 a barrel? >> well, i would say two reasons. one, we haven't done the complete switch from oil to natural gas. that's going to take time as a transport fuel. it's going to take time as an electric fuel. i mean, we are in a business now of producing natural gas as a transport fuel and we're selling electricity because we anticipate much lower p
finish the point. >> i said nobody is against the environment. we're all for the environment. it's just a question of having some balance in the program, and we're going to need more pipeline in this country one way or another just to fuel the natural gas plants that are going up and the increased usage for natural gas as a heating fuel. >> let me ask because it's an extremely important point and one i can't understand. why is the price of oil still at $97 a barrel when other...
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Jun 28, 2013
06/13
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yeah, they do well in this environment. you have to switch. not necessarily new tech which is consultant, but actual industrials when you sit there and listen to some of the great industrialist, and i regard jim mcnerney from boeing one of the great industrialists, and the level of confidence is extraordinary, and you feel like, it is their time. >> and on that note, we will take a quick break and despite a volatile market for the ipos for this week, the restaurant chain noodles and company cooking up a wall street debut, and they play with the ceo who was the head of chipotle when they went public. and also, we will look at the slide in what else, but gold. and up 20 points on the dow, and looking at the implied down on the dow. on the "squawk on the street" of the last day of the first half of 2013. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our mor
yeah, they do well in this environment. you have to switch. not necessarily new tech which is consultant, but actual industrials when you sit there and listen to some of the great industrialist, and i regard jim mcnerney from boeing one of the great industrialists, and the level of confidence is extraordinary, and you feel like, it is their time. >> and on that note, we will take a quick break and despite a volatile market for the ipos for this week, the restaurant chain noodles and...
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Jun 24, 2013
06/13
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a weird environment. why has gold in this environment given risk assets coming off? deflation worries, why is goal suffering? >> trades with bonds. right now inflection point is trading. cautious too much money to carry gold. the same with aluminum and copper. this is a dangerous trade for gold because it is out of the -- remember it's repealing the great bull market. >> it is. >> i think gold has a place in people's assets. i don't know how the -- herb greenberg has done fantastic reporting about the problems in etfs. >> yes. >> be careful. if you like gold, think about gold coins. we don't talk about that typically. i think they hold their value. >> another challenger for the bulls. another challenge is what i meant to say. one of the worst market weeks of the year what we're following now. opening bell and market action straight ahead. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use l
a weird environment. why has gold in this environment given risk assets coming off? deflation worries, why is goal suffering? >> trades with bonds. right now inflection point is trading. cautious too much money to carry gold. the same with aluminum and copper. this is a dangerous trade for gold because it is out of the -- remember it's repealing the great bull market. >> it is. >> i think gold has a place in people's assets. i don't know how the -- herb greenberg has done...
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Aug 14, 2013
08/13
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ceo saying consumers are worried about the uncertain economic environment. could it be something bigger though? are we witnessing the fall of the department store? >>> plus, apple getting the icahn boost this morning nearing $100 a share once again. is it time for you to buy? we have a bull and a bear to battle it out. >>> forbes is out with the list of the most pin know vative companies in the world. you will be shocked to find out not who made the list but who did not make the cut? we'll bring you the full laist later. >>> we start with macy's reporting in the red. richard is retail analyst with steve full and matthew joins us, retail analyst with jpmorgan. gentlemen, good morning. >> good morning. >> good morning. >> let me kick off with you, richard. i got your note here and it's rare that something -- something really hits you that perhaps hasn't been discussed before. in your note you are suggesting broadly across retail that with cleaner balance sheets, consumers are increasinglying looking to spend money on big-ticket items, homes, cars, hotels, rath
ceo saying consumers are worried about the uncertain economic environment. could it be something bigger though? are we witnessing the fall of the department store? >>> plus, apple getting the icahn boost this morning nearing $100 a share once again. is it time for you to buy? we have a bull and a bear to battle it out. >>> forbes is out with the list of the most pin know vative companies in the world. you will be shocked to find out not who made the list but who did not make...
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May 6, 2013
05/13
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the dynamics of a multiple expansion environment. we have seen that sentiment and momentum have changed significantly. so our investors in this world either, a,figgering out they're not going to get much out of fixed income and cash or are they going up the risk curve and understanding that the way to beat modest inflation and hit their vote over a long time is risk asset. >> you do have clients that who have not been exposed to equities, saying i want in? or you've had those who are hedged, i don't want to be hedged, i want all in? >> we've got institutionals, retailers. depending on what their trying to accomplish. a common question is, is it too late, have we waited too long. and the advice we've been giving is you want to have that strategic asset allocation. you want to be exposed over the bear market, up over 140% over the last four years. that gis you the opportunity to trim some winners from our perspective and may be more of a question of security selection and stock picking. where are valuations attractive, we're a fundamen
the dynamics of a multiple expansion environment. we have seen that sentiment and momentum have changed significantly. so our investors in this world either, a,figgering out they're not going to get much out of fixed income and cash or are they going up the risk curve and understanding that the way to beat modest inflation and hit their vote over a long time is risk asset. >> you do have clients that who have not been exposed to equities, saying i want in? or you've had those who are...
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Feb 12, 2013
02/13
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we did see a lot more of a, you know, much more competitive wholesale environment this quarter. >> corinna, would you recommend buying the shares here? >> it is a little difficult to recommend starting new positions, but we most certainly would be holding on if we did own it already. >> all right. great to speak with you. thanks for your time. >> thank you. >>. >>> when we come back, what does art cashin want to hear from the president in tonight's state of the union? he'll tell us here at post 9. one more look at futures on this fat tuesday. we'll try to let the good times roll when "squawk on the street" comes right back. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combi
we did see a lot more of a, you know, much more competitive wholesale environment this quarter. >> corinna, would you recommend buying the shares here? >> it is a little difficult to recommend starting new positions, but we most certainly would be holding on if we did own it already. >> all right. great to speak with you. thanks for your time. >> thank you. >>. >>> when we come back, what does art cashin want to hear from the president in tonight's state...
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191
Feb 26, 2013
02/13
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in the current economic environment, the benefits of asset purchases, and a policy of accommodation more generally, are clear. monetary policies providing important support to the recovery, while keeping inflation close to the fomc's 2% objective. notably, keeping longer term interest rates low has helped spark recovery in the housing market, and led to increased sales in production of automobiles and other durable goods. by raising employment and household wealth, for example through higher home prices, these developments have in turn supported consumer sentiment and spending. highly accommodative monetary policy has several potential costs and risks, which the committee is monitoring closely. for example, further expansion of the federal reserve's balance sheet, in our ability to exit smoothly from our accommodative policies at the appropriate time, inflation expectations could rise putting the objective at risk. however, the committee remains confident that it has the tools necessary to tighten monetary policy when the time comes to do so. as i noted, inflation is currently subdued an
in the current economic environment, the benefits of asset purchases, and a policy of accommodation more generally, are clear. monetary policies providing important support to the recovery, while keeping inflation close to the fomc's 2% objective. notably, keeping longer term interest rates low has helped spark recovery in the housing market, and led to increased sales in production of automobiles and other durable goods. by raising employment and household wealth, for example through higher...
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Feb 1, 2013
02/13
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the subprime leaching into the environment. that hasn't happened here anywhere. as you noted, companies are leaner, meaner, and as a result, can handle any kind of volatility much better. they've learned, unfortunately, through a very bad experience how to do that. number three, parts of the world are not participating. europe economically, china picking up now from a lower point, countries like india struggling. so there are other parts of the world that could do better and join in on the earnings growth. the last one, an an important one, is what are your comparative yields elsewhere. where are your alternatives in terms of investing. and the valuation today, if you look at what we call the normalized earnings gap, take 10-year average earnings, inverted pe, you look at the bond yield five years into the future based on futures contract, you're at a level now that would argue 97% of the market gains in the next six months. >> let me pick up on that yield argument. because the logical conclusion, as sure as day follows night, from what you're saying, this optimi
the subprime leaching into the environment. that hasn't happened here anywhere. as you noted, companies are leaner, meaner, and as a result, can handle any kind of volatility much better. they've learned, unfortunately, through a very bad experience how to do that. number three, parts of the world are not participating. europe economically, china picking up now from a lower point, countries like india struggling. so there are other parts of the world that could do better and join in on the...
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Aug 26, 2013
08/13
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it is a tough environment. customers really count on exchanges to really help them navigate this environment. what we're doing with this transaction by taking the best of what each company has to offer and bringing together as well as bringing together the shareholders many of which are among the largest trading firms out there and we'll really be able to do something to help them navigate the environment in a way that works for them and more importantly works to are their customers and investors. >> i have asked whether you will shut any of the exchanges down. you run two exchanges on your own. bats runs two exchanges. that's four. are you going to close any of them or keep them running? >> not at all. we have long been a believer that by having multiple exchanges and ultimate i am platforms or brands if you will, kek be more things to more people. not every trader is the same. not every trading business is the same. whether it is the retail brokerage firms where our exchange does as well and the other exchang
it is a tough environment. customers really count on exchanges to really help them navigate this environment. what we're doing with this transaction by taking the best of what each company has to offer and bringing together as well as bringing together the shareholders many of which are among the largest trading firms out there and we'll really be able to do something to help them navigate the environment in a way that works for them and more importantly works to are their customers and...
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Jan 4, 2013
01/13
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they've gone through cost cutting, everything to fight below the new environment. you want to go for the second best of the world, maybe they have more levers to pull. >> sun trust, like sun trust is -- i mention them -- to mention sun trust in the same sentence as wells fargo is to mention oragone when you're talking about the redskins. we're talking about a college team versus a pro team. >> with all due respect, you can't play with the big boys. >> i think wells fargo, by the way, listen up, goldman, they've spent a fortune taking over this country. you have no idea what they can do if they ratchet back spending. i like wells, but i will say it is outrageous that one company has 30% of the mortgage market, and the only company you can get a loan from in this city. wells fargo took over the world. you want to sell wells fargo, you know, maybe you think the buffett is a seller, maybe he's a buyer, good. the idea of not so great and selling the great, that has never worked for me. it's never worked in my career. >> do you think the earnings prospects are getting be
they've gone through cost cutting, everything to fight below the new environment. you want to go for the second best of the world, maybe they have more levers to pull. >> sun trust, like sun trust is -- i mention them -- to mention sun trust in the same sentence as wells fargo is to mention oragone when you're talking about the redskins. we're talking about a college team versus a pro team. >> with all due respect, you can't play with the big boys. >> i think wells fargo, by...
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Nov 26, 2013
11/13
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if you're expecting increasing yields from a rising yield environment and floating rate, you won't get it in 2014. it's still too early in the fed's cycle to be expecting that kind of outcome. >> all right. jeff, important point. thank you so much for joining us with that and other thoughts. we'll see if "paranormal activity" is a hit with clients, as well. we'll be tweeting outlook segments from the top analysts, strategists, economists, and more. find out all of their views on twitter if you search for the hashtag #squawk2014. click on it and read what they have to say. >>> take a look at the luxurious heart-shaped island. well, according to reports, this island was, in fact, a birthday present from angelina jolie to brad pitt for his 50th birthday, because, of course, the man doesn't already have everything. we'll tell you how much it reportedly went for, next on the show. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free t
if you're expecting increasing yields from a rising yield environment and floating rate, you won't get it in 2014. it's still too early in the fed's cycle to be expecting that kind of outcome. >> all right. jeff, important point. thank you so much for joining us with that and other thoughts. we'll see if "paranormal activity" is a hit with clients, as well. we'll be tweeting outlook segments from the top analysts, strategists, economists, and more. find out all of their views on...
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Aug 5, 2013
08/13
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how do we get back to an environment where we are reversing to trend? and draghi doesn't have the answers to that because he can't have the answers to that. they lie in the political fear, not in the central bank sphere. >> we'll leave it there. >> have to go. appreciate your views and we'll come back to both of you as we follow this narrative. >> in less than 30 minutes from now major league baseball expected to suspend alex rodriguez likely through the end of the 2014 season. we'll assess the impact with the han that wrote the textbook on the business of sports coming up next. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account
how do we get back to an environment where we are reversing to trend? and draghi doesn't have the answers to that because he can't have the answers to that. they lie in the political fear, not in the central bank sphere. >> we'll leave it there. >> have to go. appreciate your views and we'll come back to both of you as we follow this narrative. >> in less than 30 minutes from now major league baseball expected to suspend alex rodriguez likely through the end of the 2014...
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Oct 31, 2013
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multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. ♪ i always feel like somebody's watching me ♪ >>> gas prices are hitting new lows. what does it all mean for the consumer? let's bring in david dillon, chairman and ceo of kroegger, t nation's largest grocery store chain. mr. dillon, this food stamps thing kind of snuck up on everybody. what will be the impact really? >> the impact is significant to the customers who rely on food stamps to pay for their food. after all, that's an obvious necessity. at kroger, we don't expect the impact to be significant. so much so that we confirmed our guidance for sales and earnings yesterday for the rest of this year and th
multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. ♪ i always feel...
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Oct 18, 2013
10/13
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it's all about enhancing that stadium and making that environment that much more energetic. they can see what's happening around the world, around the league and every aspect of life. >> we have the best fans in the information football league. >> second most after pittsburgh steelers jerseys sold but the cowboys are not america's team, all right? they're not! good luck against the boys this weekend. great to see you guys. thank you. >> thank you very much. >> that's the most definitive statement you've ever made. >> they're not america's team. i've had it with that. >> here's what's coming u on "squawk on the street." investing in this market can be as tough as an obstacle course. a dirty, muddy, ugly rake. "6 stocks in 60 seconds is next. now, go hit the showers. we'll be right back. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> amd, buy to neutral? >> pc sales are so
it's all about enhancing that stadium and making that environment that much more energetic. they can see what's happening around the world, around the league and every aspect of life. >> we have the best fans in the information football league. >> second most after pittsburgh steelers jerseys sold but the cowboys are not america's team, all right? they're not! good luck against the boys this weekend. great to see you guys. thank you. >> thank you very much. >> that's the...
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May 2, 2013
05/13
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in that environment, can it go higher? >> only if we get revenue growth. scarce of late. january and february done better than expected and worse in march and april. march an april, it's been more labored. if we don't get more growth, ill will stop going up and need better economic news. why i think we don't have a big dip, pedal to the metal, fed maybe doing it longer and twe have housing that continues to improve and that has huge economic and psychological impact. i think we'll be okay. no better than that but okay. >> what about this wall of money that's gone into treasuries this month? what does that mean? >> a lot of that is the japan phenomenon, money coming out of there into japanese u.s. treasuries. some has come into the u.s. stock market but a more natural home is the u.s. treasury. >> if this accommodation is the music we're all dancing to, yesterday should have been the music like ratchet up a notch. why didn't the market dance? >> the market is struggling with a lot of things. yesterday, are we in another whiff of deflation and deflation does not give us rev
in that environment, can it go higher? >> only if we get revenue growth. scarce of late. january and february done better than expected and worse in march and april. march an april, it's been more labored. if we don't get more growth, ill will stop going up and need better economic news. why i think we don't have a big dip, pedal to the metal, fed maybe doing it longer and twe have housing that continues to improve and that has huge economic and psychological impact. i think we'll be...
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Jul 11, 2013
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by the time we get into the early part of next year the economic environment especially around the world will look better than it does right now. >> we'll talk more -- today we really need to get out on time because you will just be so upset. >> you'll be taking more of my time. >> exactly. >> make sure you join us tomorrow. "squawk on the street" is next . >> the dow is set to open its all-time closing high as the chairman speaks real slow and soothes fears about monetary policy. welcome, welcome to "squawk on the street" and i'm carl quintanilla with jim cramer and nice to have jim back from vacation and the timing could not be better. as you know, on squawk, he'll join us from hq in a moment and take a look at futures. bernanke has managed to make stock bulls happy, gold bulls happy and the ten-year settling back to 2.57 earlier this morning and gold back to almost at 1300 and its highest since june 24th and then there's oil, wow, up 16% in two weeks and we'll talk about why you should expect sticker shock at the gas station in a few moments. first up, as we said, the dow closed yeste
by the time we get into the early part of next year the economic environment especially around the world will look better than it does right now. >> we'll talk more -- today we really need to get out on time because you will just be so upset. >> you'll be taking more of my time. >> exactly. >> make sure you join us tomorrow. "squawk on the street" is next . >> the dow is set to open its all-time closing high as the chairman speaks real slow and soothes...
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Jun 27, 2013
06/13
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anywhere from 3% to 3.3% is where it should be in a normal rate environment. right now when you look to inflation, you look over the past 60 years, the implication is we're trading at an 11% discount to where we normally trade, and we have a potential of 10% gain in the coming 12 months. >> speaking of which, sam, we've talked about your targets on 12 months, 1780 is the last number i have. is that con tin jent tingent on being at a certain level. if we got to 3.5% on the ten-year. would you raein that? >> our model is based on inputs from our chief economist, chief technici technician, global strategists, et cetera. we come up with a median based on a lot of those forecasts. our estimate tries to incorporate all of those different things. earlier on we were discussing in the latter part of may i thought we would see a pull back and maybe as much as an 8% decline when we had declined by about 5%, we thought that's all we were going to get and we raised our target and increased our outlook on financials. obviously, it's a moving number, but right now we think a
anywhere from 3% to 3.3% is where it should be in a normal rate environment. right now when you look to inflation, you look over the past 60 years, the implication is we're trading at an 11% discount to where we normally trade, and we have a potential of 10% gain in the coming 12 months. >> speaking of which, sam, we've talked about your targets on 12 months, 1780 is the last number i have. is that con tin jent tingent on being at a certain level. if we got to 3.5% on the ten-year. would...
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Jun 21, 2013
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this is a fantastic environment. on the supply side, it's still excellent but keep an eye on the rising pricing. that's the one thing that could slow things down next year, but for this year so far this is just looking like an outstanding environment with mortgage rates at 4%. i think 6% very unlikely. the fed will act. >> i'm still worried about what's going on right here but we've already seen the ten-year back to the 2.5%. jeff gundlach was saying maybe it won't happen this year. the question is whether it's sustainable, whether we stay here. bob, thank you, sir. >>> big news from the conference board, it will no longer provide economic data in advance to news organization because they think people are profiting unfairly from the information. eamon javers was first to break this story and he joins us from washington. >> good morning, simon. you may remember back on may 28th we brought you the news there was some unusual trading ahead of the conference board's release of the consumer confidence index. we looked at
this is a fantastic environment. on the supply side, it's still excellent but keep an eye on the rising pricing. that's the one thing that could slow things down next year, but for this year so far this is just looking like an outstanding environment with mortgage rates at 4%. i think 6% very unlikely. the fed will act. >> i'm still worried about what's going on right here but we've already seen the ten-year back to the 2.5%. jeff gundlach was saying maybe it won't happen this year. the...
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Feb 4, 2013
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interest rates are a very different environment, very different situation today. overseas, i do think the emerging markets do represent a much -- an excellent buying opportunity here. i think they tend to outperform the u.s. going forward. >> jeff, of which of these two asset classes are the most dangerous, in your view? the long end of the bond market or gold? >> i would think the long end of the bond market. i've been in this business for 42 years as of last month. i've seen the long treasury bond go in a 3% yield to almost a 15% yield. people think they cannot lose money in bonds. i'm here to tell you, you can lose a lot of money in bonds, especially in bond funds. so i think you need to be very careful with the fixed income side of your asset allocation. >> guys, we'll leave it there. thank you for kicking off the week with us. thank you both. >>> a couple of insiders making profits off the rally. kayla tausche has more on that. >> perhaps the biggest signal of confidence in a company is when the executives and directors start scooping up shares. much of that
interest rates are a very different environment, very different situation today. overseas, i do think the emerging markets do represent a much -- an excellent buying opportunity here. i think they tend to outperform the u.s. going forward. >> jeff, of which of these two asset classes are the most dangerous, in your view? the long end of the bond market or gold? >> i would think the long end of the bond market. i've been in this business for 42 years as of last month. i've seen the...
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Jul 31, 2013
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also, the security threat environment has just never been more challenging with all of the new control points. in addition to pcs, smart cell phones in your homes and cars, it's really becoming much more sophisticated and challenging environment to protect for consumers, for businesses, and for countries. >> we know speaking of countries, you're all over the world. international is 51% of revenue. europe is 27% along with middle east, asia-pacific is 18%. are you feeling better about ex-u.s. business than you were before? >> i feel good about our business outside the u.s. i think this is such a global threat environment, and one of the things i didn't mention that i should have is according to idc, the markets that we're playing, we're very fortunate, are growing 8% to 10% a year. so we have just built in demand. we have a nice tailwind. we're still losing share though. i'm pleased with our progress but we're still losing share but we're making positive strides. and so our goals over the long term are to get back to the leader of the industry to gain share. >> mr. bennett, 50% of the w
also, the security threat environment has just never been more challenging with all of the new control points. in addition to pcs, smart cell phones in your homes and cars, it's really becoming much more sophisticated and challenging environment to protect for consumers, for businesses, and for countries. >> we know speaking of countries, you're all over the world. international is 51% of revenue. europe is 27% along with middle east, asia-pacific is 18%. are you feeling better about...
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Oct 11, 2013
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and i don't think the retail environment is going to improve and turn around here overnight. as goes fall, a lot of times that's how holiday goes. you could continue to see retail challenged into the fourth quarter. however, a couple things to know about for gap in particular for the month of october. one is september was challenged in part because they shifted a pretty significant sale event out of september into october because of the change of how they're flowing some of the product. the other thing is you have sandy, an easier comparison. >> and it's got colder as well. john, we're out of time. briefly before you go, how do i make money at the moment? >> right now you buy gap. it's a fabulous opportunity with the pullback. it's less than 12 times estimates. >> john morris joining us from bmo capital markets. >> what a day yesterday. stocks soared on optimism with a potential deal from washington but with no actual deal on the table, how do you position yourself now heading into the weekend? the answer on that next. >> and the former ge ceo jack welch sounded off on "squaw
and i don't think the retail environment is going to improve and turn around here overnight. as goes fall, a lot of times that's how holiday goes. you could continue to see retail challenged into the fourth quarter. however, a couple things to know about for gap in particular for the month of october. one is september was challenged in part because they shifted a pretty significant sale event out of september into october because of the change of how they're flowing some of the product. the...
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Dec 24, 2013
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how can we change your behavior or change your environment with that? what is the next bounce of the ball in that form of technology. >> before we get to bob, you can't ignore twitter today. this is another 4% move. 66.65 the latest print. dennis, clearly people are going to want to show they own this at year end. >> you spend a lot of time on twitter. how does it feel to you as a user? does it feel effective? >> it's always effect effective. it feels free. that's the thing. but i'm beginning to see more sponsored tweets. i imagine that's going to be the story for 2014. >> i actually haven't even noticed it. so perhaps that's as effective as can you get. >> what was implied in the question, though. you have in theed it? >> i have in theed it the functionality has gotten better and the number of tweets has improved. i think 2014 the question is is it truly effective for our business, if you're sitting there and doling out dollars for your ad budget, of course you're going to give some to twitter. that person spending that money wants to know what am i tr
how can we change your behavior or change your environment with that? what is the next bounce of the ball in that form of technology. >> before we get to bob, you can't ignore twitter today. this is another 4% move. 66.65 the latest print. dennis, clearly people are going to want to show they own this at year end. >> you spend a lot of time on twitter. how does it feel to you as a user? does it feel effective? >> it's always effect effective. it feels free. that's the thing....
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Aug 19, 2013
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looking at challenging, uncertain global macro environment. >> i took that conference home again. a conspiracy theory. i think john chambers is an extremely nice man. not using that as being facetio facetious. he's a good man, good heart. the company's doing well. i think public spending was good. but it's hard to justify firing 4,000 people, which by the way he wanted to find another place. if things are really good, why not skew the outlook negative and just if you're one of the people say, he's worried? is this a conspiracy theory i have? i have to tell you fundamentals are too good. my travel trust does own it. it hung at 24. for me to think perhaps he was gloomy in order to be sympathetic, he feels their pain. >> interesting, interesting theory. when we come back, more with jim. his mad dash. one more look at futures. lea earnings today a slew of names, depots, dollar trees, sears, gaps. >> where i shop, is it right on the edge. >> "squawk on the street" from the nyic is straight ahead. [ male announcer ] at optionsxpress, our clients really appreciate our powerful, easy-to-u
looking at challenging, uncertain global macro environment. >> i took that conference home again. a conspiracy theory. i think john chambers is an extremely nice man. not using that as being facetio facetious. he's a good man, good heart. the company's doing well. i think public spending was good. but it's hard to justify firing 4,000 people, which by the way he wanted to find another place. if things are really good, why not skew the outlook negative and just if you're one of the people...
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Aug 27, 2013
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and the capacity, we have to look at the consideration of the industry environment this year as well as next year. i do believe that industry fundamentals will continue to be strong over the course of next several quarters. >> sanjay, are you glad it is a nasdaq listed company? >> yes, absolutely. we have been a partner over 18 years with nasdaq, and access to nasdaq in the financial markets has been key to en ablging sand sisk to drive the growth, and become innovative giant in the space. >> thank you so much sanjay mehrotra and john ford, thank you for your time as well. >> moving to the east coast. are you going to be wearing a tight? >> i am going to fight it tooth and nail. >> and now your own cook and man servant and private balcony and tv, and it is not a tv, but it is raj's prison cell apparently. we will talk about that coming up. 0-345-2550 and the better i am at them, the more i enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up a notch or two. tdd#: 1-800-345-2550 and schwab really helps me step up my trading. tdd#: 1-800-345-2550 they've now put their
and the capacity, we have to look at the consideration of the industry environment this year as well as next year. i do believe that industry fundamentals will continue to be strong over the course of next several quarters. >> sanjay, are you glad it is a nasdaq listed company? >> yes, absolutely. we have been a partner over 18 years with nasdaq, and access to nasdaq in the financial markets has been key to en ablging sand sisk to drive the growth, and become innovative giant in the...
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Aug 6, 2013
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so it becomes a very great kind of an environment for us to operate in. it also means we have probably a little better -- >> what about the other side -- >> -- better loan growth as well. >> during the crisis, of course, many banks, includingier o ieyo had to borrow some money. have you been able to capitalize on what had been a major drop of interest rates to refinance and is that unique to zions bank or have most regional banks ended up doing enough while the window was open? >> well, we've been doing a lot of refinancing of both debt but also preferred stock. we have a lot of preferred stock that has been refinanced, repriced, and that will help a lot. we still have -- there's still opportunity even with rates where they are today to do more, but i think all banks have been working pretty hard on refinancing higher cost debt and preferred. >> well, harris, one of the big topics is the taper. let's dig down into something very specific, the purchases of mortgage-backed securities by the fed. now, i'm not sure, but what is the portfolio of mortgage-backe
so it becomes a very great kind of an environment for us to operate in. it also means we have probably a little better -- >> what about the other side -- >> -- better loan growth as well. >> during the crisis, of course, many banks, includingier o ieyo had to borrow some money. have you been able to capitalize on what had been a major drop of interest rates to refinance and is that unique to zions bank or have most regional banks ended up doing enough while the window was...
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Nov 19, 2013
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it is a difficult environment. as you know, there's less shopping days so that's what's happening. >> right. well, take thanksgiving back. that movement may emerge out of all of this. we'll just have to wait and see. jay baker on the tenth anniversary of his economy center at wharton. thank you very much this morning. >> thank you so very much more having me and have a wonderful holiday. >> you, too, jay. thanks a lot. >> when we come back, one of the most luxury auto brands showing off its first bet on an electric vehicle today. the president of audi will tell us why he thinks this model will succeed while others, like tesla, are having problems. back in a minute. mine was earned orbiting the moon in 1971. afghanistan in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve current and former military members and their families is withou
it is a difficult environment. as you know, there's less shopping days so that's what's happening. >> right. well, take thanksgiving back. that movement may emerge out of all of this. we'll just have to wait and see. jay baker on the tenth anniversary of his economy center at wharton. thank you very much this morning. >> thank you so very much more having me and have a wonderful holiday. >> you, too, jay. thanks a lot. >> when we come back, one of the most luxury auto...
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Apr 22, 2013
04/13
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we're helping the environment. there have been studies where our emissions have gone down. hard partly because of the slowdown and partly because year starting to use natural gas. >> i think he would be a great acquisition to your team. >> i'm ready. >> carl, back to you. >> before you go, i know you've got some pictures to share with us. a lot of people may not realize just what kind of weather the midwest got over the past week. >> i'll tell you what, the first two pictures, folks, the santellis at 5:30 in the morning, my wife and i made it through the first two pictures. we call it dead man's curve. it's right down the street from my house. see the problem is, certain suburbs had five inches, other suburbs had eight inches between wednesday and thursday. many suburbs had over ten inches of rain. and the problem in my uncorporated area of having 35 miles west of the city, very rural, wasn't my house. we planned. you know, we had backups. i have sump pumps that can probably empty lake michigan in an hour, okay? the problem is it's the arteries to go places. couldn't go any
we're helping the environment. there have been studies where our emissions have gone down. hard partly because of the slowdown and partly because year starting to use natural gas. >> i think he would be a great acquisition to your team. >> i'm ready. >> carl, back to you. >> before you go, i know you've got some pictures to share with us. a lot of people may not realize just what kind of weather the midwest got over the past week. >> i'll tell you what, the first...
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Aug 20, 2013
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it does look like a very high stress environment. and let's not forget that the best case is the fed will start tapering next month which probably means that the bond market volatility as a characterist characteristic, we need to deal with over the next month or so. i think that is going to keep the pressure on the e.m. currencies and keep the pressure on these markets. >> so for adrian, for people who are watching at home, and solely invest in this country's markets and maybe sitting and looking at you now thinking that it does not look good, but at least it means that more money would flow into the market in which i'm invested so i don't need to worry about it, what would you say to them? >> i would say with respect to that they are complacent, and much of the story of u.s. profitabilities has been international earnings. there are many u.s. companies with large expose sure to emerging markets, and even if profits hold up in emerging markets when you translate those at these lower exchange rates, it will mean that the dollar earnin
it does look like a very high stress environment. and let's not forget that the best case is the fed will start tapering next month which probably means that the bond market volatility as a characterist characteristic, we need to deal with over the next month or so. i think that is going to keep the pressure on the e.m. currencies and keep the pressure on these markets. >> so for adrian, for people who are watching at home, and solely invest in this country's markets and maybe sitting and...
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Jun 11, 2013
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banning and bank to get a 3.75 and they say 4.and now you say 4.25, and nobody wants to buy in that environment, so it will slow. but towle is giving up everything in that quarter, and that is excessive, but now it is rolling over. the charts are playing where things are not happening so quickly and i drew up the charts tuesday and i have a chartist who is very negative and i found myself saying, well, what about the fact that the orders are good at the home builders? well, that can't hold up. that is the whole rap that i'm hear hearinger, it can't hold up or stay like that. >> can they chart the 10-year? >> 2.73, i mean. no. i mean, these guys are negative the chartists, but they are trend followers. it is not like they are doing some sort of high energy physics over there. >> the most, every dow component may be in the red for the moment, but an upgrade at disney over there at mckwquarry, and t target is 75 to 70, and they are talking about the theme parks in particular, and more billion dollar franchises out of the avengers and star wars and espn is at the top of the game. >> yes, and comple
banning and bank to get a 3.75 and they say 4.and now you say 4.25, and nobody wants to buy in that environment, so it will slow. but towle is giving up everything in that quarter, and that is excessive, but now it is rolling over. the charts are playing where things are not happening so quickly and i drew up the charts tuesday and i have a chartist who is very negative and i found myself saying, well, what about the fact that the orders are good at the home builders? well, that can't hold up....
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Jan 2, 2013
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. >> i think that when you look at the holiday shopping environment, i think that not only was 2012 a tough year, you look at newtown. it was hard to say, i'm going to go out now and shop till i drop. >> and sandy. >> and sandy. you had all these things sort of made you reflective, at least my own family and friends on what maybe matters. you didn't have that mood of, let's go fill up the bags, right? there's a lot more "squawk on the street" coming up. do not go anywhere. >>> coming up, now that the new year is here, did you make any investment resolutions? it's not too late to let cramer help out. with six stocks in 60 seconds when "squawk on the street" returns. i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer p
. >> i think that when you look at the holiday shopping environment, i think that not only was 2012 a tough year, you look at newtown. it was hard to say, i'm going to go out now and shop till i drop. >> and sandy. >> and sandy. you had all these things sort of made you reflective, at least my own family and friends on what maybe matters. you didn't have that mood of, let's go fill up the bags, right? there's a lot more "squawk on the street" coming up. do not go...
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Aug 16, 2013
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are we in an environment where gdp will look better in the second half? >> we we think so. we think the economy is poised to shift up a notch. the fed and the discussion about tapering and i think people are moving toward a call of september on that. that doesn't look likely to us. we have a fed here that really wants to underwrite this recovery. the gdp numbers, the fed launched into so-called ge-3, average of 1%. that is set to come up. i think the fed is going to want to see a run of stronger data. it's got inflation on its side here because there's no threat of inflation at the moment before it starts to taper off quantitative easing. >> would that mean in october, in december? >> we think it's probably -- i think probably. we're calling for december at the moment. but again, i think the thing to understand here is we're all getting wound up about tapering. it is really just the beginning of a slowdown in the incremental quantitative easing that the fed is applying. it's not monetary tightening but it's starting to's off on the accelerator a little bit. but it's all res
are we in an environment where gdp will look better in the second half? >> we we think so. we think the economy is poised to shift up a notch. the fed and the discussion about tapering and i think people are moving toward a call of september on that. that doesn't look likely to us. we have a fed here that really wants to underwrite this recovery. the gdp numbers, the fed launched into so-called ge-3, average of 1%. that is set to come up. i think the fed is going to want to see a run of...
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Sep 6, 2013
09/13
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trying to i'm pampart a sense o urgency about this, why we can't have an environment in which over time, people start iing this we can get away with chemical weapons use, it's a hard sell but it's something i believe in. a and, as i explained to brianna, in this context, me making sure that the american people understand it, i think, is important before i take action. john. >> thank you, mr. president. one of your closest allies in the house said yesterday, when you got 97% of your constituents saying, no, it's kind of hard to say yes. why should members of congo against the will of their constituents and is support your decision on this? and i still haven't heard a direct response to brianna's question. if congress fails to authorize this, will you go forward with an attack on syria? >> right. and you're not getting any direct response. brianna asked the question very well. >> it's a pretty basic question. >> i was going to give you a different answer? no. what i have said and i will repeat is that i put this before congress for a reason. i think we will be more effective and stronger
trying to i'm pampart a sense o urgency about this, why we can't have an environment in which over time, people start iing this we can get away with chemical weapons use, it's a hard sell but it's something i believe in. a and, as i explained to brianna, in this context, me making sure that the american people understand it, i think, is important before i take action. john. >> thank you, mr. president. one of your closest allies in the house said yesterday, when you got 97% of your...
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Jun 10, 2013
06/13
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financials didn't do well in an environment, i and others suspect it will be different this time. i think the biggest thing will be what you saw last month, the high yielding companies in utility will continue to underperform. i should point out, our house call, yields remain lower for longer and the rotation may pause out. people may find some value now in some of the high yielding stocks that sold off and underperformed last month. >> why do you say yields will stay lower for longer. >> you're not going to see tapering in september. incoming data won't be strong enough. second daryl you may have somebody replace bernanke that may be more acometive. e. think about morgan stanley, the biggest financial adviser in the network, almost 2 trillion under management the average age fa 58, the people want income and i think they could find it still from a basket of high yielding equities the average age at 60, also requires as they get old, health care. you say health care has never been cheaper on a relative valuation basis. why do you say that? do you love the group overall? >> that's
financials didn't do well in an environment, i and others suspect it will be different this time. i think the biggest thing will be what you saw last month, the high yielding companies in utility will continue to underperform. i should point out, our house call, yields remain lower for longer and the rotation may pause out. people may find some value now in some of the high yielding stocks that sold off and underperformed last month. >> why do you say yields will stay lower for longer....
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Dec 5, 2013
12/13
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certainly one potential positive from a higher rate environment. kyle, you know, this has become a name that seems to be a favorite among some hedge funds. and i can think about other names in the past, jcpenney, for example, that have not worked out particularly well when we see a lot of hedge funds pile in sort of when it becomes the flavor of the moment. does that concern you at all? >> it always concerns me. and look, in jcpenney, what ended up happening there was, analogous to a retail banking institution when you have, you know, 2.8 billion in payabilities and you only have $1 billion worth of cash on hand or liquidity and the vendors decide that to change their terms like depositors running from a bank, when the vendors change their terms, it forced jcpenney to raise new money and dilute the shareholder base by almost 40%. we thought the new ceo would be able to stabilize things. what we got wrong was the fact that the vendors could change their terms very quickly. but in this case, you have gm working and pardon the pun, but hitting on all
certainly one potential positive from a higher rate environment. kyle, you know, this has become a name that seems to be a favorite among some hedge funds. and i can think about other names in the past, jcpenney, for example, that have not worked out particularly well when we see a lot of hedge funds pile in sort of when it becomes the flavor of the moment. does that concern you at all? >> it always concerns me. and look, in jcpenney, what ended up happening there was, analogous to a...
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Jan 23, 2013
01/13
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we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> let's get to maria bartiromo joining us from the world economic forum in davos, this time with morgan stanley's ceo. maria? >> hi there, thanks so much, carl. i'm with jam morgan right now. james, it's nice to see you again. >> great to be here, maria. >> thank you so much for joining us. i want to kick it off with really what you're doing at morgan stanley. you have talked over the last week about the repositioning in deleverage mode. tell us where you are in the process and what we could look forward to in terms of your continuing to deleverage and reposition morgan stanley. >> we felt last week was an important time to reflect on the changes that we made in the past, but more importantly the opportunities go forward. we called it deliberately a pivot moment. we felt for our empl
we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> let's get to maria bartiromo joining us from the world economic forum in davos, this time with morgan stanley's ceo. maria? >> hi there, thanks so much, carl. i'm with jam morgan right now. james, it's nice to see you again. >> great...
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Jan 15, 2013
01/13
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the environment we live in is still conducive to be la tij jous because no one can make any money. carl, back to you. >> rick, we'll talk to you in a bit. rick santelli. >>> goldman is making waves with its bonus payouts. mary thompson has a flash. >> the company confirming that goldman has decided not to delay the bonus payments until april which would have allowed the bonuses to be taxed at a lower rate. goldman sachs' stock is slightly higher, about three-quarters of a percent. those payments originally due here in the u.s. in 2013 but the company, again, accelerated those payments into 2012 to take advantage of lower tax rates. again, the uk says -- someone close to the company saying that after some consideration, it will not be delaying bonus payments there to take advantage of lower rates. back to you. >> yeah, not the only bank where compensation is in the news. thank you, mary. >>> a few minutes left in europe's trading days. simon hobbs in less than 60 seconds. and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd#
the environment we live in is still conducive to be la tij jous because no one can make any money. carl, back to you. >> rick, we'll talk to you in a bit. rick santelli. >>> goldman is making waves with its bonus payouts. mary thompson has a flash. >> the company confirming that goldman has decided not to delay the bonus payments until april which would have allowed the bonuses to be taxed at a lower rate. goldman sachs' stock is slightly higher, about three-quarters of a...
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Sep 5, 2013
09/13
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so the environment will still be highly accommodative. so from an investors' point of view, i think it's going to be an environment that still is conducive to improving asset prices, especially in the housing market and the equity market as well. >> but, kevin, is it not true that, in fact, the market has already done the fed's tightening for it? if you look at the move in the ten-year and even on the shorter end, the jump in the five-year and two-year that we've had here? >> yeah, and i think that's been pretty suggestive of the fomc minutes for quite some time that even if they dial back, they're still very accommodative and we have seen a back up in rates that started basically in the beginning of may. that's a sign that the economy is improving, and that's healthy that rates are rising a little bit since early may. mortgage rates have backed up, and that's a sign that things are improving and, you know, people's expectations are that h2 this year will be much better than the first half and into 2014, growth is likely to be somewhere a
so the environment will still be highly accommodative. so from an investors' point of view, i think it's going to be an environment that still is conducive to improving asset prices, especially in the housing market and the equity market as well. >> but, kevin, is it not true that, in fact, the market has already done the fed's tightening for it? if you look at the move in the ten-year and even on the shorter end, the jump in the five-year and two-year that we've had here? >> yeah,...
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Jul 30, 2013
07/13
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iraq is facing a very challenging security environment. other big middle eastern producers could see significant geopolitical threats like libya is another big country we're watching. so, again, given the importance of the middle east to the production story and given the political volatility there, we think there is significant pressure on prices from geopolitics going forward. we're not going to be able to get away from that. >> would you expect them to put even former caps on production and to what degree can they enforce those among their members? >> that's a great question. what you want to watch for is if we saw prices slip significantly below $100 a barrel, because right now in the saudi oil minister says $100, we think if you look at defense spending and social expenditure that is probably what they need to balance budgets. if we get into a situation where we see prices falling significantly north of $100, we think saudi arabia will be under pressure to firm up prices. so that's the environment you want to look for for a potential
iraq is facing a very challenging security environment. other big middle eastern producers could see significant geopolitical threats like libya is another big country we're watching. so, again, given the importance of the middle east to the production story and given the political volatility there, we think there is significant pressure on prices from geopolitics going forward. we're not going to be able to get away from that. >> would you expect them to put even former caps on...
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Apr 12, 2013
04/13
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. >> we do want to get to the broader retail environment and it doesn't look particularly good, terry, given what weave seen and we don't want to get same-store sales on a monthly basis, but january, february, march, not great. what can you tell us about the environment right now. >> we're 90% of retailers who are reporting on a quarterly basis now as opposed to a monthly basis, but i can just tell you in general, we are very confident with our original forecast for the quarter, for the season, for the year, and i think what's happening, and i tell you, i get a lot of data points from the various boards i sit on or groups that i am in conversation with about the consumer including this conference right here and we are all very worried about the payroll tax affecting the lowest household income consumer. and we're also worried about the significant increase in taxes on the higher household income consumer, as well, both federal and of course, some state issues that are happening as well. but having said that, you know, our customer seems to be resilient and seems to be continuing to bu
. >> we do want to get to the broader retail environment and it doesn't look particularly good, terry, given what weave seen and we don't want to get same-store sales on a monthly basis, but january, february, march, not great. what can you tell us about the environment right now. >> we're 90% of retailers who are reporting on a quarterly basis now as opposed to a monthly basis, but i can just tell you in general, we are very confident with our original forecast for the quarter, for...
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Jan 3, 2013
01/13
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, and an environment where i think the u.s. economy can do substantially better once we get through these political obstacles. should do well. >> but despite the fact that you're forecasting a bumpy first quarter for all the reasons politically that you just discussed with melissa. >> well, there has been sort of a disengagement between the economy and the financial markets to a significant degree because of steps that have been taken on the policy side, primarily by the federal reserve. so i don't think one is necessarily an impediment to the other. >> ward, happy new year. >> thank you very much. >>> as you know, we're all looking forward to tomorrow's december jobs report. that means another opportunity for you to nail the number. tweet us your predictions for the december non-farm payrolls figure. this month's prize -- a notebook. like paper notebook. autographed by the entire team. you have manhattan before the friday release at 8:30 eastern time. >> autographed by the entire team and coveted by melissa. >> i do covet that
, and an environment where i think the u.s. economy can do substantially better once we get through these political obstacles. should do well. >> but despite the fact that you're forecasting a bumpy first quarter for all the reasons politically that you just discussed with melissa. >> well, there has been sort of a disengagement between the economy and the financial markets to a significant degree because of steps that have been taken on the policy side, primarily by the federal...